Lianming(SH:603006)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 6.23% to CNY 70,265,246.26 year-on-year[6] - Basic earnings per share rose by 5.71% to CNY 0.37[7] - Diluted earnings per share increased by 8.82% to CNY 0.37[7] - Net profit for the first three quarters of 2019 reached ¥73,361,638.58, up from ¥67,343,635.67 in the same period of 2018, reflecting a growth of approximately 8.4%[35] - The net profit attributable to shareholders for Q3 2019 was ¥24,380,453.29, compared to ¥19,887,018.02 in Q3 2018, reflecting an increase of about 22.5%[31] - The total profit for Q3 2019 was ¥35,053,210.26, up from ¥28,013,212.95 in Q3 2018, indicating a growth of approximately 25%[32] Revenue and Costs - Revenue for the first nine months decreased by 3.98% to CNY 682,016,468.38 compared to the same period last year[6] - Total operating costs for Q3 2019 were CNY 216,196,925.35, compared to CNY 210,392,497.37 in Q3 2018, indicating a rise of about 2.8%[29] - The company's operating revenue for Q3 2019 reached ¥106,758,216.39, an increase from ¥82,739,445.27 in Q3 2018, representing a growth of approximately 29%[33] - The company's operating costs for Q3 2019 were ¥89,732,833.92, compared to ¥74,021,360.64 in Q3 2018, which is an increase of approximately 21.3%[33] Assets and Liabilities - Total assets increased by 2.39% to CNY 2,096,535,588.88 compared to the end of the previous year[6] - The company's total liabilities decreased to CNY 602,976,793.89 from CNY 643,505,152.45 year-over-year, a reduction of about 6.3%[28] - The company's equity increased to CNY 889,138,770.56 from CNY 815,777,131.98, representing a growth of approximately 8.9%[28] - Cash and cash equivalents decreased to CNY 25,796,392.68 from CNY 42,093,764.71 year-over-year, a decline of about 38.7%[27] Cash Flow - Operating cash flow increased significantly by 187.87% to CNY 110,822,527.59 for the first nine months of the year[6] - Cash flow from operating activities for the first three quarters of 2019 was ¥110,822,527.59, compared to ¥38,496,857.00 in the same period of 2018, indicating a substantial improvement[38] - Cash flow from investing activities was negative at -¥52,992,865.02, an improvement from -¥96,947,752.34 in the previous period, indicating reduced investment expenditures[16] - Cash flow from financing activities was negative at -¥82,850,826.38, a decrease from ¥198,039,124.73, primarily due to reduced bank borrowings[16] Shareholder Information - Total number of shareholders reached 12,428 at the end of the reporting period[12] - The largest shareholder, Shanghai Lianming Investment Group Co., Ltd., holds 59.97% of the shares, with 53,500,000 shares pledged[12] Investment and Financial Income - Investment income grew by 85.89% to ¥7,613,836.20 from ¥4,095,896.42, mainly due to increased returns from financial products[16] - Non-operating income for the first nine months totaled CNY 7,952,163.13[9] - The company received cash inflows from investment activities totaling ¥620,706,658.26 in the first three quarters of 2019, compared to ¥370,259,382.25 in the same period of 2018[38] Research and Development - Research and development expenses for Q3 2019 were CNY 4,349,198.44, up from CNY 3,666,408.26 in Q3 2018, indicating an increase of about 18.6%[29] - R&D expenses for Q3 2019 amounted to ¥3,561,196.28, an increase from ¥2,219,413.81 in Q3 2018[34] Impairment and Financial Standards - The company reported a credit impairment loss of ¥872,886.00 in Q3 2019, compared to a loss of ¥439,564.65 in Q3 2018, indicating a deterioration in credit quality[30] - The company executed new financial instrument standards starting January 1, 2019, which affected the classification of certain financial assets[44]